Thursday, 18 April 2024



LATEST NEWS Breaking: Punjab School Education Board (PSEB) 10th Result 2024 Declared Shayar Movie Review: A Magical Journey Through The World Of Shayari 6 Top Kavita Radheshyam Web Series To Watch | 5 Dariya News Varun Sood Net Worth 2024: Uncovering the Wealth of A Multi Talented Star | 5 Dariya News Punjab Congress Kickstart Election Campaign From Sangrur A Night of Stars And Striking Performances inside the Grand Premiere of 'Shayar' Tsunami of AAP in Bharuch - Massive turnout in Bhagwant Mann's 'Jan Ashirwad Yatra' in Gujarat Meeting of all BJP district in-charges, presidents, general secretaries, morcha and mañdal presidents and general secretaries held in BJP office Gurjit Singh Aujla bowed down to Shri Harmandir Sahib and Sri Durgiana temple Birla Open Minds Joins Forces with Rohit Sharma Cricket Academy CricKingdom to Elevate Cricket Programs within their schools ''PEC had always been Jaspal Ji's Second Mother'': Savita Bhatti The Ultimate Guide to Sustainable Kitchen Cleaning Professor Dr Robert Zeiser receives DKMS Mechtild Harf Science Award 2024 SOMANY MAX Glazed Vitrified Tiles (GVT) - A New Standard in the Tiles Vertical DC conducts surprise inspection in Gill Road grain market Ensure strict compliance of 'Safe School Vahan Policy' for safety of students or be ready to face action - DC to school heads Administration to make all-out efforts to wipe out child begging Sanjay Tandon Emphasizes Senior Citizens' Crucial Role in Society Punjab Police Solves Murder Case Of VHP Leader Within 72 Hours; Two Assailants Held Bihar Cadre IAS Officers Visited SAS Nagar Administration is ensuring smooth procurement operations in district- Sakshi Sawhney


Shark Tank India Season 3: Aastey Pitch Update And Deal

Aastey Shark Tank India
Aastey Shark Tank India
Listen to this article

5 Dariya News

5 Dariya News

5 Dariya News

29 Feb 2024

Aastey, an Indian-born brand specializing in sustainable and size-inclusive athleisure, made a splash in Season 3 of Shark Tank India. Founders Jeevika Tyagi and Kanupriya Mundhra stepped into the tank with a bold vision - to build a 100 crore approx. $12 million USD athleisure brand centered on inclusivity and environmental awareness.

Read more:- Tohands Smart Calculator Disrupting Traditional Billing on Shark Tank India 3

Aastey Pitch: Filling the Gap

Aastey's pitch highlighted the lack of options in the Indian athleisure market for those outside the standard size range. Their mission was to create comfortable, stylish, and high-performance activewear using sustainable materials, appealing to a wider and more conscious consumer base.

The founders sought an investment of ₹80 lakhs in exchange for 2% equity in their company, valuing Aastey at a substantial ₹40 crores. They outlined their impressive sales figures and ambitious growth plans, hoping to secure the Sharks' backing.

The Sharks React: Potential vs. Profitability

While the Sharks acknowledged the potential in the athleisure market and Aastey's dedication to sustainability, concerns were raised. The brand's current profitability became a central point of discussion. The Sharks questioned Aastey's high marketing expenses and their existing liabilities of about ₹1 crore.

The brand's high valuation also proved to be a sticking point, as the Sharks felt it didn't align with their current level of business.

Intense Negotiations and a Disappointing Outcome

Despite a heated negotiation and a revised offer from the founders, Aastey ultimately left Shark Tank India without securing a deal. The Sharks expressed concerns about the brand's financial discipline and their path to sustained profitability.

Read more:- Cosmix Secures Transformative Deal, Pitch And Other Updates

Aastey's Shark Tank Journey

Despite the setback, Aastey has continued to make strides in the Indian athleisure market.  Their appearance on the show garnered significant attention and sparked a discussion about size, inclusivity and the rise of conscious consumerism. The brand has been actively leveraging the exposure generated by Shark Tank India to boost awareness and drive sales.


Aastey's journey is a testament to the power of a strong mission and the resilience of determined entrepreneurs. While the outcome of Shark Tank India might not have been ideal, the brand's commitment to its purpose and the increased visibility it gained will undoubtedly propel it forward in the years to come.


Tags: Tv , Shark Tank India Season 3 , Shark Tank India 3 Judges , Shark Tank India 3 Sharks , Shark Tank India 3 Episodes , Shark Tank 3 , Shark Tank 3 Judges , Shark Tank 3 Judges India , Shark Tank India Season 3 Judges , Aastey , Shark Tank India Aastey , Shark Tank India , Aastey Shark Tank India 3



related news




Photo Gallery



Video Gallery



5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2024 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD